Weekly Jobless Claims Fall to 3.5 Year Low

The Department of Labor reported today that seasonally-adjusted jobless claims fell to 366,000 for the week ending December 10, which is the lowest level since May 2008, two and-a-half years ago. That was far below the increase to 390,000 claims that was expected by the market consensus, and another indication that the sub-par labor market is gradually improving. The four-week moving average for weekly claims fell to 387,750, the lowest level since July 2008.

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About Mark J. Perry 262 Articles

Affiliation: University of Michigan

Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.

He holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University in Washington, D.C. and an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota.

Since 1997, Professor Perry has been a member of the Board of Scholars for the Mackinac Center for Public Policy, a nonpartisan research and public policy institute in Michigan.

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